International banking services of State Bank of India are delivered for the benefit of its Customers, Non-Resident Indians,
Foreign nationals, Foreign entities and banks through a network of 172 foreign offices in 34 countries, spread over all time zones. The network is augmented by a cluster of Overseas and NRI branches within India and correspondent links with over 700 leading banks of the world. Bank's Joint Ventures and Subsidiaries abroad further augmenting the Bank's international presence.
The services include NRI Banking, Corporate lending, handling Letters of Credit and Guarantees, short-term financing, collection of clean and documentary credits and remittances..
Products & Services
With our large network of over 13,542 branches in India and 172 foreign offices in 34 countries abroad across all time zones, we offer you the best of services, wherever you are want to export to. We also provide advisory services on any aspect of your trade including document preparations and also provide you working capital finance to assist you to source your raw materials. Request your buyers to advise documentary credits through us and enjoy immediate benefits through our large network presence.
Our product ranges are as under:
We offer export bill purchase to provide post shipment finance to exporters at very competitive rate of interest. If the export documents under Letters of Credit do not have any discrepancies, we can consider negotiating them and paying you the discounted value of the invoice immediately. Discrepant documents will be negotiated at our discretion, depending on the value of the business connections.
Post Shipment Credit
We offer export bill purchase to provide post shipment finance to exporters at competitive rates of interest. If the export documents under Letters of Credit do not have any discrepancies, we can consider negotiating them and paying you the discounted value of the invoice immediately. No need to have any facilities, and funds will be advanced to you immediately. If documents are discrepant, we may negotiate it under reserve, at our discretion, depending on the value of the business connections.
You can leverage upon our extensive branch networks, and we will ensure speedy handling of Export Bills documents.
- Import Services
With our large network of branches and with well experienced staff you can be rest assured of speedy processing of all your import documents Our Product range includes:
Whether you import using documentary credits or collections, we are prepared to consider providing import finance to you at a very competitive interest rate.
With the leverage of our wide branch network, we handle Collection of Import Bills speedily.
Letters of Credit
The Bank offers Letters of Credit to facilitate purchase of goods in international trading operations. Backed by the Bank's strong reputation, you will be able to build better trust in trade and forge business relationships faster. The bank's vast network of branches and correspondent banks enables your enterprise to sustain a seamless flow of business on a wide platform.
We issue shipping guarantees, allowing you to take the goods from the shipping company without the bill of lading. We issue the shipping guarantees immediately so that you will get your goods on time. All shipping companies universally accept our shipping guarantees
The Bank has correspondent banking relations with 591 top ranking banks in 123 countries. Apart from this, the Bank has its own network of more than 13,542 branches in India and a network of 172 foreign offices in 34 countries , spread over all time zones. This network forms the foundation for all international operations of the bank.
How we can help you?
Our Correspondent Relations section helps local banks to handle their collection and remittances business at a nominal fee, specially, for their transactions with India.
- Stand by Letter of Credit
- Buyers Credit